Bristow mentioned consolidation should add worth, not simply react to market pressures. He factors to the US$6.5 billion Randgold-Barrick merger introduced in late 2018 for instance of constructing lasting, worthwhile mining companies fairly than looking for “immediate gratification.”
On the similar time, he addressed hypothesis that Nevada Gold Mining, Barrick’s 61.5%-owned three way partnership with Newmont (TSX: NGT; NYSE: NEM) in the US, may go public.
“Not whereas I’m working this group,” he mentioned, explaining there are too many property within the trade and never sufficient competent managers to run them.
Watch the second half beneath of the interview with The Northern Miner’s western editor, Henry Lazenby.